Bitcoin tumbles through $70,000 on Bitstamp.

Bitcoin extended its sell-off during Asian hours on Thursday, breaking below the closely watched $70,000 level on Bitstamp.

The cryptocurrency slid to an intraday low of $69,101 on the exchange, trading at a discount to other major platforms. On Coinbase, bitcoin briefly touched $70,002 over the same period.

The pricing gap suggests more intense selling pressure on Bitstamp, which is owned by Robinhood, compared with other venues.

More broadly, bitcoin remains in a clear downtrend. CoinDesk’s global price index shows the asset peaked above $126,000 in early October and has trended lower since.

Some analysts warn the decline may not be over, with prices potentially falling toward the $60,000 area, where a more durable base could eventually form.